QUESTION 3

The following financial data were taken from the 10-K of Weiss Corporation:
Selected Accounts	FY 2011	FY 2010	FY 2009
Current Assets	$ 350,000	$ 400,000	$ 450,000
Current Liabilities	$ 340,000	$ 300,000	$ 390,000
Net Revenue	$ 1,400,000	$ 1,500,000	$ 1,450,000
Cost of Goods Sold	$ 1,120,000	$ 1,020,000	$ 1,180,000
Inventory	$ 250,000	$ 200,000	$ 280,000
Accounts Receivable	$ 105,000	$ 110,000	$ 120,000

A. Assume 20% of Net Revenue is Credit Sales. Please calculate the Accounts Receivable Turnover in times and days for FY 2010 (5%). Please show your calculations for full points.

B. Forget about competitors or industry comparisons, is your calculation in (A) good or bad? Why? (5%)

C. Please prove one (1) recommendation, if any, for improvement (5%)

Please answer ASAP